Sales totaled

$1,098,900

for the year, variable selling and administrative expenses total

$115,440

, and fixed selling and administrative expenses totaled

$176,256

. There was beginning inventory. Assume that direct labor is a variable cost. Under variable costing, company's net operating income for the year would be:

Sales totaled $1,098,900 for the year, variable selling and administrative expenses total $115,440, and fixed selling and administrative expenses totaled $176,256. There was beginning inventory. Assume that direct labor is a variable cost. Under variable costing, company's net operating income for the year would be: